At 12p this looks a great BUY.Remember after the deal with Suvair this shot to around 30p ! Next news I am sure will be the announcement of some major deals.Fill up at this level.

He was super....lol.

Maybe he can use his influence in the NHS to kick start some action. I continue to watch, while not holding.

Beau

hope you aren`t sniggering though beau?

lol, ah well more losses against future capital gains when it goes down.I can add them to MOI,Albert Fisher,Atlantic Telecom,WMG,Yorks.Group, and a few more bought in the heady days of easy money, still minus 40k over nearly ten years isn`t too bad, and half of it has been useful so far against CGT.
Lets hope I need more losses against huge gains for the next decade, well maybe my sprogs can use it.

LOL blinger

I'd be lying if I didn't chuckle a little. I saw TC in action at an EGM last year.....but hey, he may hold some influence here so I'll keep watching with interest. Could do with some new blood to dig my teeth into.

Best of luck in 2006. I'd certainly drink to heavy gains...if I ever see 'em...LOL. (Certainly not in Tad...the biggest loser of the decade).

Beau

Aye, the fat cats get fatter daily, some of the salaries are mind-boggling, back in the eighties we used to reckon that 3/4X the av. wage was pretty good director remuneration for the time,( and we were all 4 shareholders in a private co. too) now its more like 10X, and for what?

Guid New Year to you anyway

Just read Caplins notes to the Interim results, does he seriously believe that sourcing bits and pieces in China is going to bail Diffusion (=ETQ's only real trading arm) out. Sourcing from China will mean a significant rise in commitment to stock (= cash tied up) and, if it works in the very short term, the competition will follow suit, in fact, the Chinese suppliers will approach them , I know as I have experienced this problem. It seems that Caplin is unprepared (as was Thompson) to address the root cause of ETQ's problems, namely, the incompetant management that costs a great deal and delivers nothing but losses. Unless ETQ are prepared to realise that sourcing from China is absolutely no substitute for building a really competant Top Management structure and then recruiting the dynamic people to staff it then my advice is to put your money on the Favourite in the first race at Newmarket - losing your money will be rather less protracted but more enjoyable (if losing money is ever enjoyable). Certainly any gain will be on a significant multiplier to anything ETQ might bring. Happy and prosperous New Year to you all

With everyone running for the door maybe this is worth a look at, even though it is high risk. Maybe the stake that the Tchenquiz brothers have acts as some form of insurance policy against a 'complete lights out'; so the main risk may be further dilution. The businesses ETQ plans to retain probably do have value and potential in the medium term. Interested in other's views on this. I am under no illusions that this is a high risk stock.

Sharesure
"I am under no illusions that this is a high risk stock".

make sure you remember that and let the others do the running for you.

LOLOLOL!!!!!!!

its always going to be worrying when a review of the current state of affairs of a company fails to mention at all the star product that everyone was hooked on........this is going to have bad withdrawal symptoms....

I had lunch with an HVCA member yesterday and he told me that a recent industry report showed UK Fan Coil sales (Molseys main product) being down by 16% and set to fall further with significant over supply in the marketplace thus driving down margins, not good news for ETQ as the Molesy division is already under huge market pressure and seems ill equipped to do much other than lose further ground. My contact is a big user of Fan Coil airconditioners and says that Trox of Germany are the big market gainers and are a really professional outfit which he doesn't think Molesy are. His understanding is that the chairmans claim that overheads is being cut are at variance with the fact that few if any managers/directors have left (apart from the Basingstoke operation which has been seemingly closed). Does anyone know what is going on at ETQ or can confirm/deny/expand on what I have heard?, we are all looking for recovery stocks but this still looks more like a black hole than an opportunity, so, come on Money Man or Sharesure, you seem to have a better idea than most as to whats going on, is there money to be made or have you bailed out of this stock (all I see are Sales of shares no big speculative Buys) ?. Not surprised that there is no mention of Nightingale, its just a sink down which the shareholders money has been poured, how come no one has fallen on his sword over this fiasco, it cannot possibly have been all Gerrard Thomsens fault, when are the culprits who lost our money going to pay the price ?

Deal Hunter, No, I have not bailed out. I view ETQ as 'option money' and really a gamble on the Tchenquiz family not wishing to see their recent investment go down the drain and so therefore they will either have to prop it up or look to do a shell deal. I thought it was Molesley which would be getting the chop, with Basingstoke being continued. At Basingstoke they do have Suvair products being developed as recently as 3 months ago.
At the last emergency fund raising the mgt must have put fwd a reasonable business plan to have got the money they did get; agree this is high risk, but then if you are only going to get .5p/share, until you need to chrystallize tax losses nearer the t/y/e, what is the point in selling now. Agreed it could be allowed to go bust, but on the other hand phoenix operations are also not unknown. Don't know whether that helps much, but I/m staying put until end March.

What does anyone know about James Lugg the new ETQ Director (= yet another snout in the trough), I have asked around my HVCA contractor friends and nobody seems to know of him which is surprising as he supposed to have been in the industry for 25 years as an owner operator of his own business, must have kept a very low profile or been spectacularly unsuccessful not to have come to someones attention (especially as he must have started his career in HVCA at 19 !). Certainly none of his current directorships suggest that nerve ends should tingle with expectation of a turnaround and the current `sell' pattern of the shares suggest I am not alone in being underwhelmed by this appointment. I expected an industry `hard man' with a successful turnaround track record to be brought in to sort ETQ out but instead it's another appointment without a clear rationale. Has everyone out there finally thrown in the towel or do you know something about Lugg that I do not i.e am I grossly underestimating the new mans capabilities ?.

Deal Hunter, Doubt Lugg is anything other than an implant for the Tchenquiz brothers who are getting deeper into this probably more than they wanted to. I have decided to continue to hold (at least until the tax y/e when a capital loss would be handy) also in the possible hope that Tchenquiz bros. recent announcement that they are going into environmentally friendly businesses may mean that ETQ becomes useful as a vehicle to give them a start + tax losses. I realise that that is a long shot but I doubt the company will now go bust. It might just get interesting - one day - but I wouldn't hold your breath whilst waiting for that to happen.

Nothing needs to be read into Steve McNeice, FD, stepping down from the Board. He was unfortunate enough to suffer a serious illness following a acquiring an infection whilst Scuba diving in the Med. near Cannes a couple of years ago.

New to this thread as I bottom trawl for potential bargains, have to say Energy Tecnique seems more like a train crash than a trading company and the last hour reading all the old threads and the Chairmens Reports has been hilarious (but probably not so if you bought in at the ridiculous levels of even a few months ago). Don't know why so many of you are putting your faith in the Teguize family to bail ET out, when did they become the `Lazarus raisers' of the AIM market ?.They may be smarting at having been very publically suckered into this ludicrous investment but its peanuts to them i.e. not worth wasting management time on. Caplin apart, I do not recognise any of the Board as serious players, real intent on Teguize part would be organising a real power play not just farting around whilst the share price drifts ever lower.

How did Etq's management procede to do everything so badly wrong ?

Once this was a niche small business that could make almost 1 million
profits a year and had a new wonder product that should have been
a sure fire winner in this age of superbugs.

Now they lose money and plenty of it, burn cash quickly, fail to sell the
nightingale in any decent quantities and keep tapping the market for more
cash, it's turning into a Tadpole Technology stock, promises forever but
never delivers.

Having stumbled across this stock, I have been looking at it in a bit more detail, it seems that, with the closure of Diffusion DX, ET Environmental Ltd is the only significant trading operation left in Energy Techs stable. Helpfully the results for Et Environmental Ltd to March 05 have been published and make awesome reading. PreTax Losses 1.8 million (956K loss to '04, 70K loss '03), Shareholders funds down to 220K (2 million '04, 3 million '03), T/O 7 million (8 million '04, 11 million '03), Stock continually rising whilst T/O falls and presumeably creditors getting ahead of debtors. ET must have some very accomodating creditors and bankers, most suppliers and financiers would be running for the hills by now (or thinking about regime change). Only the old Chairman seems to have bitten the dust, the rest of the Board who brought about this nonsence seem to remain, welcome to Blair's Britain where no one is held responsible whatever the loss to the great British public. What do you think Davey gravy, is this belly up or will a white knight gallop up and save the day ?

Slapshot: See my post #287. If you are already in this share my suggested strategy possibly represents a reasonable way to view this stock, don't you think. Sure, the mgt of the co. since Geoffrey Dart left (ch. up til about 3 yrs. ago) has been woeful, but Tchenquiz bros. put money in so recently that they must have had a plan B if the existing businesses didn't recover.

The Times February 27, 2006


MRSA control


Sir, Almost a year ago senior microbiologists, myself included, with more than 600 years of collective experience in hospital infection control, warned that cleaning hospitals and more hand-washing alone, though laudable, were not enough to significantly reduce the MRSA infection rate. We said that a reduction could be achieved only by the physical separation of infected patients and carriers from uninfected patients and that for this more isolation facilities were needed (letter, March 4, 2005). A spokesman for the Department of Health told a reporter at the time that our recommendations were unrealistic.
On Friday (Feb 24) you reported that the number of times that MRSA has been mentioned as a contributory cause of death has continued to rise. Moreover, there has been no significant reduction in the number of MRSA blood-borne infections. These figures confirm our predictions. Until our warnings are heeded there will be no sustained improvement in the situation.




DR N. A. SIMMONS
Potters Bar, Herts

A tick up ! Is someone mad or do they know something ?